Convertible Loan Note (CLN)
A debt instrument that can be converted into equity shares at a future date, typically during a funding round or upon certain events.
Table of Contents
What is Convertible Loan Note (CLN)?
A debt instrument that can be converted into equity shares at a future date, typically during a funding round or upon certain events.
This glossary provides an overview of some key legal terms for startups. It's essential to consult with a legal professional to ensure a comprehensive understanding of these terms and their implications for your specific situation.
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